US Market Preview | SBMF Surge 572.3%; Legal Verdict Determines Open AI IPO; Gates Exit $3.2B Microsoft Stake; "AI Stocks Become New Defensive Trade"

NVIDIA Corporation
Target Corporation
Walmart Inc.
Sunshine Biopharma Incorporated
GeoVax Labs, Inc.

NVIDIA Corporation

NVDA

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Target Corporation

TGT

0.00

Walmart Inc.

WMT

0.00

Sunshine Biopharma Incorporated

SBFM

0.00

GeoVax Labs, Inc.

GOVX

0.00

Most Important News

  1. Futures Decline: Stock Futures Fall After Record Week;
  2. Key Earnings: Traders Await Nvidia And Retail Results;
  3. Bond Yields: Long-term Yields Spike, Pressuring Tech Stocks;
  4. Market Awaits: Inflation Data And Nvidia Earnings Decide Sell-off Risks;

Stock futures fell on Monday following a record-setting week, with traders awaiting quarterly results from NVIDIA Corporation(NVDA.US) and major US retailers. Investors also kept an eye on the US-Iran war.

As of 03:26 PM Riyadh Time, Dow Jones Industrial Average futures slipped 164 points, or 0.33%. S&P 500 and Nasdaq-100 futures declined 0.14% and 0.08% each.

NVIDIA Corporation(NVDA.US) is set to report earnings Wednesday along with Target Corporation(TGT.US), while Walmart Inc.(WMT.US) is due to post results Thursday. Those releases come during a delicate time for stocks. Tech stocks, which had been leading the market to record highs got battered by the spike in yields. The Nasdaq-100 index dropped 1.5% on Friday, marking its worst one-day performance since March 27.

As of 03:26 PM Riyadh Time, top pre-market movements are as follows:

Change | Price($)

Ticker 
(🌙 means "Shariah Compliant")

572.3% | 1.91

🌙 Sunshine Biopharma Incorporated(SBFM.US)

152.0% | 3.1

🌙 GeoVax Labs, Inc.(GOVX.US)

109.4% | 0.17

Flag Ship Acquisition Corporation Rights -31.03.26 For Shares(FSHPR.US)

104.9% | 0.31

Virax Biolabs Group Ltd. Class A(VRAX.US)

91.2% | 0.54

NextNRG(NXXT.US)

-72.9% | 0.79

Bitcoin Depot(BTM.US)

-33.3% | 0.26

Edible Garden AG Inc(EDBL.US)

OpenAI IPO Hinges On Legal Verdict

Sam Altman attended court in Oakland as the outcome of a lawsuit by Elon Musk could determine OpenAI's ability to go public or force Altman's resignation.

Rare S&P 500 Signal Flags 20% Upside

S&P 500 index(SPX.US) has logged seven straight weekly gains exceeding 10%, a rare pattern that previously delivered 21–28% 12‑month returns and never a loss across seven cases, prompting strategist Ryan Detrick to project further upside despite a brief 1.2% pullback. Read in detail>>

Futures Fall After Drone Attacks UAE Nuclear Power Plant

US equity futures and ETFs ETF-S&P 500(SPY.US) and PowerShares QQQ Trust,Series 1(QQQ.US) slip after a drone strike near UAE’s Barakah nuclear plant, as 10-year yields hit 4.08%, while markets price a 99.2% chance the Fed holds June rates. Read in detail>>

Trump Allies Urge Stricter AI Model Vetting

Over 60 allies of President Trump urge mandatory pre-release testing and approval of powerful artificial intelligence models, signaling potential tighter US regulatory scrutiny that could affect developers like C3.ai Inc(AI.US), Alibaba Group Holding Ltd. Sponsored ADR(BABA.US), BigBear.ai Holdings, Inc.(BBAI.US), BullFrog AI Holdings, Inc.(BFRG.US), and Baidu, Inc. Sponsored ADR Class A(BIDU.US). Read in detail>>

Analyst Downplays US Gasoline Price Spike

GasBuddy analyst Patrick De Haan dismisses forecasts of US average gasoline reaching $6–$7 per gallon despite Middle East tensions and Trump’s Iran warnings, as AAA shows prices near $4.51, diesel $5.65, WTI $107.5, Brent $111.1, and United States Oil Fund Lp Units(USO.US) up slightly. Read in detail>>

Dogecoin Signals Retail Crypto Risk Appetite

Veteran strategist Jordi Visser views Dogecoin (CRYPTO: DOGE) as a key gauge of retail crypto interest, likening current conditions to Micron Technology, Inc.(MU.US)’s pre-rally phase, warning that a sharp future crypto repricing could mirror AI-driven semiconductor surges. Read in detail>>

Musk Reaffirms Aggressive Tesla Autonomy Timeline

Tesla Motors, Inc.(TSLA.US) CEO Elon Musk forecast AI-driven autonomous vehicles will handle about 90% of global mileage within a decade, despite over 14 reported Tesla robotaxi crashes in Austin and Tesla shares falling 5.58% to $418.57 Friday. Read in detail>>

AI Stocks Become New Defensive Trade

Goldman Sachs Group, Inc.(GS.US) says investors rotate into AI names and hyperscalers amid inflation fears, viewing them as insulated from economic softening.


Gates Foundation Fully Exits Microsoft Stake

Bill & Melinda Gates Foundation sold its remaining 7.7 million Microsoft Corporation(MSFT.US) shares for $3.2 billion, completing a multi‑year exit as part of a planned 20‑year wind‑down, leaving a $31.7 billion portfolio while Bill Gates personally retains about 103 million shares. Read in detail>>

Ackman Rotates From Alphabet To Microsoft

Pershing Square Inc.(PS.US) built a new Microsoft Corporation(MSFT.US) position at roughly 21x forward earnings after a share pullback, funding the purchase by exiting long‑held Alphabet Inc. Class A(GOOGL.US), reflecting a valuation‑driven shift between mega‑cap tech holdings. Read in detail>>

Apple Ordered To Cooperate In Indian Antitrust Case

An Indian court ordered Apple Inc.(AAPL.US) to cooperate with antitrust investigators, rejecting its request to postpone the case while objecting to penalty laws.

Regeneron Plunges On Failed Cancer Trial

Regeneron Pharmaceuticals, Inc.(REGN.US) drops 11.9% premarket after a phase 3 metastatic skin cancer trial misses statistical significance, pressuring near-term and medium-term momentum despite Benzinga Edge ratings indicating a strong long-term price trend and moderate overall quality. Read in detail>>

UnitedHealth Slides After Berkshire Fully Exits

UnitedHealth Group Incorporated(UNH.US) falls 5.2% after Berkshire Hathaway A(BRK.US), under new leader Greg Abel, fully liquidates its stake, despite Benzinga Edge ratings showing strong short-, medium-, and long-term price trends but weak growth characteristics. Read in detail>>

MicroStrategy Drops On Convertible Buyback, BTC Sales

MICROSTRATEGY(MSTEV.US) declines 2.9% after unveiling plans to repurchase $1.5 billion of convertible notes, flagging potential Bitcoin sales as funding, with Benzinga Edge ratings showing weak long-term but strong short- and medium-term price momentum. Read in detail>>

ServiceNow Gains On Experian AI Partnership

ServiceNow, Inc.(NOW.US) rises 3.5% after announcing a multi-year global partnership with EXPERIAN PLC(EXPGF.US) to expand AI-powered enterprise automation, even as Benzinga Edge ratings describe weak price trends across all timeframes but strong growth potential. Read in detail>>

Micron Rises On AI Memory Optimism

Micron Technology, Inc.(MU.US) gains 2.5% premarket as Bank of America lifts price target to $950 on structurally tighter memory supply, AI infrastructure spending by Microsoft Corporation(MSFT.US), Amazon.com, Inc.(AMZN.US), Alphabet Inc. Class A(GOOGL.US) and Oracle Corporation(ORCL.US), despite China export risks and rich 34x earnings valuation. Read in detail>>

NextNRG Soars On Strong Q1 Beat

NextNRG(NXXT.US) surged 91.5% premarket after Q1 revenue jumped 29% to $21.1 million, beating $18.1 million estimates, gross margin improved to 8.1%, adjusted EBITDA loss narrowed to $1.16 million, and EPS loss of $0.07 topped forecasts by $0.01. Read in detail>>

Publicis Buys LiveRamp For $2.2 Billion

PUBLICIS GROUPE SA(PUBGY.US) acquires LiveRamp Holdings, Inc.(RAMP.US) for $2.2 billion in an all-cash deal at $38.50 per share, aiming to strengthen data infrastructure and accelerate development of shared datasets powering artificial intelligence agents and targeted marketing solutions. Read in detail>>

Faraday Future Raises $70 Million For AI

Faraday Future Intelligent Electric(FFAI.US) secured $70 million in recent funding to pivot into physical AI systems, targeting top-three North American robotics status within five years and achieving 2026 phase-one goals in humanoid, bio-robotics, and EAI automotive platforms. Read in detail>>

Quantum Cyber To Showcase Autonomous Drone

Quantum Cyber N.V.(QUCY.US) will exhibit an AI-enabled, long-range autonomous drone platform for surveillance, interception and payload delivery at SOF Week 2026 in Tampa, targeting global special-operations procurement with encrypted communications, >25 km range, and multi-mission reconfigurability. Read in detail>>

Auddia Highlights LT350 AI Data Center Upside

Auddia Inc.(AUUD.US) underscores LT350’s distributed AI data center model, benchmarking against a $1.25 billion SHAZ contract using 8,200 NVIDIA Corporation(NVDA.US) B300 GPUs, implying up to $29 billion equivalent annual revenue capacity if its 960,000‑GPU REIT footprint were fully deployed. Read in detail>>


Riyadh TimeEventPrevious ValueForecast Value
03:30 PMFed Venable Speech  
05:00 PMNAHB Housing Market Index MAY3435
11:00 PMNet Long-term TIC Flows MAR$58.6B